Announcement Date: 2022-11-01
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: First Majestic Silver Corp.
Project name: Jerritt Canyon
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 20.9m at 19.97g/t Au from 239.9m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, BC, Canada – First Majestic Silver Corp. (AG: NYSE; FR: TSX) (the “Company” or “First Majestic”) is pleased to announce positive drilling results from its ongoing exploration program at the Jerritt Canyon Gold Mine (“Jerritt Canyon”) located in Elko County, Nevada. The 2022 drilling campaign at Jerritt Canyon consists of short-term focused underground core drilling testing extensions of known ore controls near active mining; midterm focused drilling planned to validate/test the presence of mineralized volumes near historic workings; and long-term focused drilling aiming to make new gold discoveries in the district (Figure 1). Follow up drilling to the previously reported drill hole, SMI-LX-1102 at the Smith Mine (19.35 g/t over 23.2m), returned multiple high-grade gold intersections in two drill holes (Figure 3). Drill holes SMI-D10-EXP22- 1076 and SMI-D10-EXP22-1078 appear to extend the potential of the previously intersected gold mineral zone to approximately 200m along a shallow dipping stratigraphic contact, the holes are interpreted to cut the mineralization at a low angle for an unknown true thickness at this time. The new gold intersections are located approximately 80m to 200m northwest of the connection drift and above the water table.
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